Remitly Global Inc reports results for the quarter ended December 31 - Earnings Summary

Remitly Global

19/02/2025 22:57

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of -19 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -13 cents to -5 cents per share.
    * Revenue rose 32.9% to $351.90 million from a year ago;
analysts
expected $343.36 million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 3 cents​.
    * The company reported a quarterly loss of $5.72 million.
    * Remitly Global Inc shares had risen by 17.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Remitly Global
Inc is $28.00 
This summary was machine generated from LSEG data February 19 at
10:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      -0.09          -0.03          Beat
 Sep. 30 2024      -0.07          0.01           Beat
 Jun. 30 2024      -0.09          -0.06          Beat
 Mar. 31 2024      -0.14          -0.11          Beat